[Live stream] First contact with NFT game/world Decentraland - 8PM ET
Decentraland is a virtual world running on the Ethereum blockchain. Ownership over the land parcels (LAND) is stored on Ethereum, while the native governance token MANA is an ERC-20 token. Decentraland is a virtual world that can be accessed through any desktop web browser, using a Web 3 wallet like for example Metamask.
A decentralized autonomous organization, or DAO, is responsible for the future of Decentraland. The developers of Decentraland handed over the controls to the DAO in 2020, but are still actively working on the project. All 90 thousand land parcels have already been sold. Those who own land can build anything they want, ranging from virtual stores or galleries, to interactive installations or even full feature games. People who want to have their own land, will need to buy it on the secondary market. Anybody who visits Decentraland can enjoy all it has to offer for free. However, certain games have an entrance fee, but also allow users to win digital items. In addition there are gambling casinos in Decentraland, attracting quite an audience on special event nights. By participating in events, players can win or buy special clothes for their avatar. Even though Decentraland only exists since February 2020, these digital clothes have become quite popular collectibles.
source: Paly to Earn
So today I'm trying decentraland. There's been alot of chatter about Decentraland lately, mostly because of Grascale investment in MANA, pushing the coin up 4% in the last 24 hours. The current CoinMarketCap ranking is #37, with a live market cap of $5 961 642 042 USD. It has a circulating supply of 1 816 919 591 MANA coins.
I'm not sure I get Everything from this, but from what I gather, it's a virtual world where dev can build games on virtual lands.
To get land you need to have MANA, the native currency that you can buy on almost any exchange.
How to Earn?
If you have land you can charge people for visiting or playing your game. But from what I undertand most games are free.
I think most people make their money selling stuff on the NFT market. But I'll have to check it more in details... well, fist I'll have to understand how to get one of those wearables items.
Well, wish me good luck, later tonight I'll be live on twitch to try to figure out how this thing workds and one thing is sure, i will suck at those mini-games ;-)
https://www.twitch.tv/georgegastonpombal
Thank you for watching.
GGP
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I have never played it before but own some token in my wallet !PGM